RBL Bank Classic Shopper Credit Cards [UPDATED ]

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RBL Classic Shopper Credit Cards Review

RBL Bank Classic Shopper Credit Cards are targeted at customers who want to earn reward points for all their purchases in India and abroad. These are PIN-based chip cards that add an additional layer of security to reduce chances of fraudulent transactions. Currently, there are three different options available: RBL Titanium, RBL Freedom Titanium and RBL Freedom Titanium Titanium Credit Card. You can add up to 5 add-on members to these credit cards.

FinTown Rating: 2.5/5

RBL Classic Shopper Credit Cards
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Rating by Category:

Category                                              Rating (out of 5)
Annual Fee                                               3
Rewards Rate
Initial Bonus  3
APR  3

With this credit card, you can earn reward points on every transaction. However, it has its own set of disadvantages. Therefore, let us take a glance at the pros and cons of this credit card to get a complete picture of the advantages and disadvantages of the RBL Shopper Credit Cards.

Pros & Cons:

Reasons to Choose  Reasons to Avoid  
 Reward points on all your spends  No airport Lounge Access
 Flexi Limit  No golf privileges
 5 add-on members  High interest rate

Rewards/Benefits – RBL Classic Shopper Credit Card

  • Rewards Programme: Earn 2 reward points for every INR 100 spent on your card in India and abroad
  • Add-on Members: You can add up to 5 members to the Primary Credit Card
  • Global Acceptance: Card is globally accepted
  • Zero Card Liability: You are not held responsible for any fraudulent transactions in case of loss/theft
  • Flexi Limit: Regulate the credit limit on your card and your add-on card by just calling the 24X7 customer service and assigning a lower limit

Is the Rewards rate good?

Since 1 reward point is equivalent to INR 0.25, therefore you earn INR 0.5 on every INR 100 spent. So, rewards rate is 0.5/100 * 100 % = 0.5%.

Is this card for you?

This card is for you if:

  • Your goal is to earn reward points on every transaction
  • You want to have a flexible limit for the add-on cards
  • You want zero fraud liability and global acceptance

How to Redeem Rewards?

To redeem your reward points, you need to log in to the RBL Rewards page. After logging in, you can redeem your points for flights, hotels, lifestyle vouchers etc. However, you need to redeem at least 1,000 points in a single instance. Please note that every reward point is worth INR 0.25.

How to make the most of this credit card?

To get maximum benefits, spend as much as possible on your credit card. Additionally, you should inform RBL customer care  in the event of loss/ theft of card to avoid liability.

RBL Classic Shopper Credit Cards – Payments & Fees:

Annual Fee  Up to INR 4,000
Foreign Transaction mark-up fee  3.5% of the transaction amount.
Cash Withdrawal Fee 3% of cash withdrawal amount subject to a minimum of INR 300
Late Payments Fee INR 100 to INR 800 depending upon statement outstanding balance. Additionally, a late charge of INR 100 will be charged when two consecutive months are missed
Over Limit Fees INR 500 per instance or 2.5% of the Overlimit amount. (Minimum INR 500)
Minimum Payment Due (MPD) on
extended credit usage
The higher of the following:
(a) 5% of statement outstanding
(b) sum total of all instalments billed, interest, fees, other charges, the amount that is over limit and 1% of the principal.
(c)INR 250
Rewards Redemption Fee INR 99

Terms & Conditions Explained:

  • Flexi limit: You can reduce or regulate the credit limit of primary or add-on cards by calling customer service
  • Foreign Transaction Fee: A foreign currency mark-up fee of 3.5%.

Application – Eligibility & Documents:

  • KYC-PAN, Address proof and ID Proof
  • One photograph
  • Salary slip/Form 16
Find Fintown’s List of India’s BEST CREDIT CARDS in 2018 [Best Offers]

Other Credit Cards with similar/better features:

SBI SimplyCLICK Credit Card:

If you are looking for a credit card that offers you good rewards and fulfils your online shopping needs, then the SBI SimplyCLICK offers the best rewards/benefits. With excellent rewards for online shopping along with a minimal fee of INR 499 per annum, it is a very effective credit card for beginners. Given the card’s preferred partners such as Amazon, ClearTrip, and BookMyShow, it surely is aimed at the young urban millennial.

The SBI SimplyCLICK Credit Card offers 10x rewards on online shopping sites like Amazon, ClearTrip, BookMyShow, etc. Furthermore, on all other e-commerce spends, rewards are at 5x. For any other spend, rewards are at 1x. Additionally, there are special discounts for first-time spends at BookMyShow, Urban Clap.

HDFC Bank Regalia Credit Card

The HDFC Bank Regalia Credit Card is the best credit card to fulfil your luxury needs. It also gives you rewards on your every transaction. You get to earn 4 reward points for every INR 150 spent on your credit card. Additionally, the Primary  Cardholder can add a secondary member. Both can enjoy a total of 6 complimentary airport lounge visits through Priority Pass Membership. You also get to enjoy welcome bonus points and annual milestone benefits with your HDFC Regalia Credit Card. Compared to Classic Shopper Credit Card, you will have to pay a higher annual fee. However, HDFC Regalia is worth the extra money.

FinTown Verdict

The RBL Bank Classic Shopper Credit Card might not be the best choice to go with while deciding on a credit card that gives you reward points on shopping. If it is online shopping that you are most interested in, then you should go with SBI SimplyCLICK Credit Card, whereas HDFC Regalia is great for earning reward points on every single transaction that you make.

FinTown Advantage:  We provide unbiased personal finance advice to help people make the best possible financial decisions. Our reviews and ratings of financial products are determined by customer financial wellbeing and not profiteering. Whether or not we make a penny, we do what is best for the customer. Our research team is made up of economists and market researchers who spend hundreds of hours researching and comparing products with the same mission in mind.

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